Canterbury Resources (ASX:CBY) Shares Up 2%

Canterbury Resources (ASX:CBY) shot up 2% during trading on Monday . The company traded as high as A$0.26 ($0.18) and last traded at A$0.26 ($0.18), 32,000 shares traded hands during trading. The stock had previously closed at A$0.25 ($0.18).

The stock has a market capitalization of $21.24 million and a P/E ratio of -11.30.

Canterbury Resources Company Profile (ASX:CBY)

Canterbury Resources Limited, a mineral exploration company, engages in exploring, generating, and monetizing resource opportunities. The company primarily explores for copper, molybdenum, gold, and silver deposits. It holds 100% interests in the Ekuti Range, Ipi River, and Bismarck projects located in Papua New Guinea; Briggs and Mannersley projects located in Australia; and two prospecting licenses on Malekula, as well as five prospecting license applications on Malekula and Espiritu Santo of Vanuatu.

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